The cure is always 10,000x worse than the disease.
At this point we should just let the mortgage market correct itself. Will be sinking good money after bad money trying to rescue mortgages that should have never been funded in the first place.
2007-08-31 03:30:40 · 6 answers · asked by Cadillac1234 2 in Politics & Government ➔ Other - Politics & Government
I've been in CA real estate for 15 years. The S&L bailout costs consumers billions and ended up killing the RE market for 8 years.
BTW another Bush off-spring played a major part in the S&L scandals and the bail-out occured on Bush 1's watch not Reagans
2007-08-31 03:45:21 · update #1
Yeah, it's like letting your brain-damaged, drug-addled Uncle Tom fix the toilet. It's cheaper than hiring a qualified plumber, but you still cringe at the thought of being submerged in sh*t.
2007-08-31 03:38:46 · answer #1 · answered by amancalledj 4 · 2⤊ 0⤋
Do you have credentials to make such a recommendation...such as PhD in Economics? There was a big Savings and Loan bailout during the Reagan administration. That worked out all right. The US loaned money to Chrysler in a bailout move. That worked out well.
If there is a way to keep housing values from taking a major nose dive, I am in favor of it.
2007-08-31 10:39:28 · answer #2 · answered by regerugged 7 · 0⤊ 4⤋
I've been cringing ever since he took office.
2007-08-31 10:49:23 · answer #3 · answered by Brian M 1 · 2⤊ 0⤋
I cringe at the fact that liberals offer no alternatinve solutions
2007-08-31 10:43:31 · answer #4 · answered by Anonymous · 0⤊ 2⤋
i cringe every time bush opens his mouth
2007-08-31 10:44:59 · answer #5 · answered by Brian S 5 · 1⤊ 0⤋
its just the way he and his cronies pocket money. just look at Katrina they all got wealthier,,,,,,,,,,
2007-08-31 10:38:59 · answer #6 · answered by Anonymous · 2⤊ 0⤋